Macro crypto currency market outlook

Bitcoin has entered a consolidation phase after finally pushing up to a fresh record high beyond $100,000. Overall, the outlook remains highly constructive, and a higher low is now sought out ahead of a bullish continuation. Any setbacks we do see should be exceptionally well supported into previous resistance turned support in the $75,000 area. Back above the current record high at $108,400 will open the door for a test of a measured move upside extension target at $122,000.

We’re coming out of another spectacular year of performance for bitcoin, with the world’s largest crypto asset closing out 2024 up 120%. The year that will be remembered as an important year which saw the arrival of the bitcoin ETFs, another bitcoin halving event, and wave of institutional and mainstream adoption.

The market is now all the more excited about the outlook for crypto assets in 2025 given what is expected to be an extremely crypto friendly US administration. All of this is leading to calls for more institutional, corporate, and nation-state adoption in 2025. And with so much demand expected for an asset that has a cap on supply at 21 million, the price outlook continues to be exceptionally constructive. Simply put, the more adoption, the more demand, the higher the bitcoin price.

We suspect all of this demand will have a broader, positive influence on the crypto asset class and inspire increased demand for investment in the decentralized finance space, which should also help to drive the price of ETH back towards and through its record high from 2021. Interestingly enough, while ETH performance was less impressive than bitcoin in 2025, the +46% gain for the world’s second largest crypto asset was still more than double 2024 performance in gold and US equities.